Declining consumer demand and high costs in the U.S. and central Europe, along with unfavorable currency swings in Britain and Canada, mean that the fourth quarter will likely “be the most challenging of this year,” Chief Executive Peter Swinburn said in a statement.

Already, the company’s British, Canadian and international units are reporting sliding sales, though profit soared 16% to $139.9 million in the U.S. during the third quarter.

Net income was up slightly to $198.4 million, or $1.09 a share, from $197.4 million, or $1.06 a share a year earlier, a gain of about 1%. Revenue jumped 25.3% to $1.2 billion.

Molson Coors, based in Denver and Montreal, said it sold more than 450 million gallons of beer in the quarter, up almost 31% from a year ago.

Sales to retailers of both Coors Light and Miller Lite grew in the single digits. But sales of the company’s craft and import offerings boomed in a double-digit gain.

“Most of our portfolios are skewed toward mainstream … and we suffer from not having enough exposure to premium,” Swinburn said in a conference call with analysts. “What you will see in all of our innovation activity that we have undertaken over the last couple of years and going forward, we are very much skewed toward premiumizing the portfolio.”

In April, Molson Coors picked up Central European brewer StarBev for $3.54 as it attempts to expand the range of its brands and strengthen its position during supplier negotiations.

You might be surprised by the biggest beer brands worldwide. Sure, Budweiser and Heinken have spots on the list, as expected. But there’s also a selection of international beers just now becoming popular in the U.S. And just try to guess the top beer label as ranked by trade publication...

The consumer price index, a leading measure of inflation, fell last month into negative territory over a 12-month period for the first time since the fall of 2009, when the nation was just emerging from recession. It also fell from December, the third straight month-to-month decline.

Ana Redmond launched into a technology career for an exciting challenge and a chance to change the world. She was well-equipped to succeed too: An ambitious math and science wiz, she could code faster, with fewer errors, than anyone she knew.